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Principal Economic and Policy Analyst - Job Opportunity at State of Rhode Island

Providence, USA
Full-time
Senior
Posted: January 17, 2025
On-site
USD 99,320 - 112,649 per year

Benefits

State government pension plan
Comprehensive health insurance
Professional development opportunities
Public service loan forgiveness eligibility
Stable work environment with strong job security

Key Responsibilities

Lead complex economic and policy analysis impacting state budget and regulations
Develop and implement revenue forecasting models
Conduct cost-benefit analyses of government programs
Supervise project teams and ensure quality deliverables
Present policy recommendations to senior government officials
Evaluate legislative proposals and assess economic impacts
Design and execute research methodologies for policy evaluation

Requirements

Education

Master's Degree in Public or Business Administration, Economics, Statistics, Public Policy, or closely related field

Experience

Considerable employment in professional policy and program analysis

Required Skills

Expert knowledge of policy analysis principles Advanced economic analysis capabilities Cost-benefit analysis expertise Statistical software proficiency Program evaluation skills Government organizational knowledge Strong analytical and logical reasoning Leadership and supervision abilities Clear communication and presentation skills
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Industry Trends

Increasing demand for data-driven policy decisions in state governments Growing emphasis on economic impact modeling for legislative proposals Rising importance of quantitative analysis in public sector decision-making Shift toward evidence-based program evaluation

Salary Evaluation

The offered salary range is competitive for state government roles but 10-15% below private sector equivalents. However, when considering total compensation including benefits and stability, the package is market-competitive.

Role Significance

Typically leads teams of 3-5 analysts on specific projects while maintaining independent research responsibilities
Senior-level position with direct influence on state policy decisions and budget allocation

Key Projects

State budget forecasting and analysis Legislative impact studies Program effectiveness evaluations Economic policy development Revenue projection modeling

Success Factors

Deep understanding of state government operations and political dynamics Ability to translate complex economic analysis into actionable policy recommendations Strong project management skills with focus on delivering timely insights Excellent stakeholder management abilities across government departments

Market Demand

High demand with stable growth projected due to increasing complexity of state economic policies and need for sophisticated analysis

Important Skills

Critical Skills

Economic modeling and forecasting - Essential for accurate budget projections and policy impact analysis Policy analysis expertise - Core requirement for evaluating and developing effective state programs Statistical analysis - Critical for data-driven decision making and program evaluation

Beneficial Skills

Project management certification Advanced data visualization skills Public speaking expertise Grant writing experience

Unique Aspects

High level of autonomy in research and analysis methodology
Direct impact on state-level policy decisions
Combination of technical analysis and political awareness required
Opportunity to influence long-term state economic direction

Career Growth

Typical progression to higher leadership roles within 3-5 years based on performance and political environment

Potential Next Roles

Director of Economic Analysis Chief Policy Officer Budget Director Executive Policy Advisor

Company Overview

State of Rhode Island

The State of Rhode Island represents a stable government employer with significant regional influence and consistent funding

Primary public sector employer in the state with substantial economic and policy influence
Central role in New England state government policy development and economic planning
Professional environment with emphasis on analytical rigor and policy impact, balanced by standard government work hours and strong work-life balance
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